Hewlett Packard Enterprise Company (NYSE:HPE) Stock Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 90.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,730,434 shares of the technology company's stock after acquiring an additional 820,515 shares during the period. Nisa Investment Advisors LLC owned approximately 0.13% of Hewlett Packard Enterprise worth $26,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HPE. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $25,000. Bruce G. Allen Investments LLC boosted its position in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares during the period. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $0.57 on Friday, reaching $20.72. The company's stock had a trading volume of 20,877,305 shares, compared to its average volume of 17,070,948. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a market capitalization of $27.19 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The firm has a fifty day moving average of $18.36 and a two-hundred day moving average of $18.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the company posted $0.42 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Analyst Ratings Changes

HPE has been the subject of several analyst reports. UBS Group upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Raymond James Financial upped their target price on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday. Wells Fargo & Company upped their target price on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Finally, Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $22.15.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.